Fri. Sep 22nd, 2023
    Is Investing in ReWalk Robotics Ltd. (NASDAQ: RWLK) a Good Choice?

    ReWalk Robotics Ltd. (NASDAQ: RWLK) has seen a rise in its stock price, increasing by 12.43% compared to its previous close. Over the last five trading days, the company has experienced a 9.22% increase in its stock price. The 36-month beta value for RWLK is 2.44, indicating higher volatility.

    There are mixed opinions on investing in RWLK. While 1 analyst rates it as a “buy,” there are no ratings for “overweight” or “hold.” No analysts rate it as a “sell.”

    The global artificial intelligence (AI) industry is expected to grow significantly, with a projected value of over $1.81 trillion by 2030. This AI boom presents an opportunity for investors. ReWalk Robotics is positioned to benefit from this trend.

    The average price estimated by analysts for RWLK is $3.00, which is $2.22 above the current price. The stock has a public float of 58.79 million shares, and short sellers hold 1.45% of that float. The average trading volume for RWLK on September 12, 2023, was 200.14K shares.

    RWLK stock has performed well in recent weeks, with a 9.22% increase in the past week, an 8.36% monthly gain, and a 31.09% quarterly increase. The stock’s volatility ratio is 5.75% for the week and 6.89% for the last 30 days.

    Analysts have given their opinions on RWLK. Barclays has rated the stock as “Underweight” with a predicted price of $1.50. However, it’s important to note that this report was published in April 2017.

    RWLK is currently trading 10.29% above its 50-day moving average. Despite a previous decrease, the stock has shown a rebound, currently down -22.97% for the past 52 weeks.

    In terms of insider trading, there have been recent purchases by Joseph E Jr. Turk and Lind Global Fund II LP. These insiders have shown confidence in the company’s future.

    When looking at RWLK’s stock fundamentals, the operating margin is currently -346.62, while the gross margin is +34.57. The net margin stands at -355.09. The company’s capital structure shows a debt to equity ratio of 1.32.

    In summary, investing in ReWalk Robotics Ltd. (NASDAQ: RWLK) may be a good choice. With the potential growth of the AI industry and the recent performance of the stock, analysts have mixed opinions. It’s important to consider the stock’s distance from its 50-day moving average and its 52-week high. Further research and analysis are recommended before making an investment decision.

    Source: GlobeNewswire, Grand View Research, Barclays, TradingView